The former Managing Director of Family Homes Funds Ltd, Femi Adewole, has said the availability of funds for mass housing was essential to deliver 300,000 homes by 2025 to shore up the housing deficit.

Adewole disclosed this at the Annual Memorial Lecture for Late Fatai Osikoya, themed “Agenda for Housing Development in Nigeria: 2023 in Perspective” which was held in Lagos recently.

He decried incessant building collapse in the country in recent times and called on people, especially those in the building industry to always engage the services of certified professionals to reverse the trend.

“Nigeria’s building policy for the coming years should be such that it will drive other social strata to stardom with a view to managing some of the crises that have kept the people’s social standard low.

The Special Adviser to the Lagos State Governor, on Works and Infrastructure, Aramide Adeyoye, said that the state actors were looking at the builders to reform the system to give Nigerians better housing.

One of the panellists, Olugbega Ismail, said the use of local materials instead of reliance on the importation of inputs would drive down the cost of construction.